Arbitral Digest

Matter

Compañía de Aguas del Aconquija S.A. and Vivendi Universal S.A. v. Argentine Republic (ICSID Case No. ARB/97/3)

Case no.
ARB/97/3
Applicable rules
ICSID Arbitration Rules
  1. 21 November 2000Arbitration

    21 November 2000Arbitration

    Award of the Tribunal dated 21 November 2000

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal upheld jurisdiction over the claims but dismissed the claims against the Argentine Republic. Each side was ordered to bear its own expenses, and the parties were ordered to share equally the Tribunal's fees and expenses and the Centre's charges.

    Supporting details

    3 authorities · 20 participants
    Compañía de Aguas del Aconquija S.A.
    Representative
    Luis A. Erize (For: Compañía de Aguas del Aconquija S.A.)
    Compagnie Générale des Eaux
    Argentine Republic
    Representative
    Daniel M. Price (For: Argentine Republic)
    Representative
    Mariano F. Grondona (For: Argentine Republic)
    Representative
    Nancy L. Perkins (For: Argentine Republic)
    Representative
    William D. Rogers (For: Argentine Republic)
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Francisco Rezek
    Tribunal secretary
    Alejandro A. Escobar
    Other
    Witness
    Jorge Rais

    Authorities cited

    3
    • Agreement between the Argentine Republic and the Republic of France for the Promotion and Reciprocal Protection of Investments (3 July 1991)
      statute
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (18 March 1965)
      statute
    • Robert Azinian et al. v. The United Mexican States (1 November 1999)
      case-law

    10 months and 12 days later · 316 days

  2. 3 October 2001Arbitration

    3 October 2001Arbitration

    Decision on the Challenge to the President of the Committee dated 3 October 2001

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee rejected the proposal to disqualify L. Yves Fortier as President of the Committee.

    Supporting details

    2 authorities · 5 participants
    Compañía de Aguas del Aconquija S.A.
    Argentine Republic
    International Centre for Settlement of Investment Disputes
    Arbitrator
    L. Yves Fortier

    Authorities cited

    2
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (18 March 1965)
      statute
    • The ICSID Convention: A Commentary (Christoph H. Schreuer, 2001)
      academic

    9 months later · 273 days

  3. 3 July 2002Arbitration

    3 July 2002Arbitration

    Decision on Annulment dated 3 July 2002

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee upheld the Tribunal's jurisdiction and rejection of the federal claims. It annulled the Tribunal's decision on claims based on acts of the Tucuman authorities because the Tribunal had manifestly exceeded its powers by failing to examine their merits. Each party was to bear its own expenses, and the parties were to share equally the Centre's costs.

    Supporting details

    5 authorities · 18 participants
    Compañía de Aguas del Aconquija S.A.
    Representative
    Stephen M. Schwebel (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Representative
    Bernardo M. Cremades (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Representative
    Luis A. Erize (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Representative
    Ignacio Colombres Garmendia (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Expert
    Christoph H. Schreuer (For: Compañía de Aguas del Aconquija S.A.)
    Vivendi Universal S.A.
    Representative
    Stephen M. Schwebel (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Representative
    Bernardo M. Cremades (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Representative
    Luis A. Erize (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Representative
    Ignacio Colombres Garmendia (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Argentine Republic
    Representative
    Daniel M. Price (For: Argentine Republic)
    Representative
    Stanimir Alexandrov (For: Argentine Republic)
    Representative
    Rubén Miguel Citara (For: Argentine Republic)
    Representative
    Ernesto Alberto Marcer (For: Argentine Republic)
    Representative
    Hernán M. Cruchaga (For: Argentine Republic)
    Representative
    Carlos Ignacio Suárez Anzorena (For: Argentine Republic)
    Expert
    Arthur T. von Mehren (For: Argentine Republic)
    International Centre for Settlement of Investment Disputes
    Arbitrator
    L. Yves Fortier

    Authorities cited

    5
    • Agreement between the Argentine Republic and the Republic of France for the Promotion and Reciprocal Protection of Investments (3 July 1991)
      statute
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (18 March 1965)
      statute
    • Lanco International Inc. v. Argentine Republic (40 ILM 457 (2001))
      case-law
    • Salini Costruttori S.p.A. v. Kingdom of Morocco (Jurisdictional decision, 23 July 2001)
      case-law
    • Maritime International Nominees Establishment v. Republic of Guinea (Decision on Annulment, 22 December 1989, (1989) 4 ICSID Reports 79)
      case-law

    10 months and 25 days later · 329 days

  4. 28 May 2003Arbitration

    28 May 2003Arbitration

    Decision of the ad hoc Committee on the Request for Supplementation and Rectification dated 28 May 2003

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee denied the request for a supplementary decision and denied the requests for rectification except for two clerical corrections. It corrected two passages in the annulment decision, and allocated costs between the parties and the Argentine Republic.

    Supporting details

    1 authority · 16 participants
    Compañía de Aguas del Aconquija S.A.
    Representative
    Stephen M. Schwebel (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Representative
    Bernardo M. Cremades (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Representative
    Luis A. Erize (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Representative
    Ignacio Colombres Garmendia (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Vivendi Universal S.A.
    Representative
    Stephen M. Schwebel (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Representative
    Bernardo M. Cremades (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Representative
    Luis A. Erize (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Representative
    Ignacio Colombres Garmendia (For: Compañía de Aguas del Aconquija S.A. · Vivendi Universal S.A.)
    Argentine Republic
    Representative
    Daniel M. Price (For: Argentine Republic)
    Representative
    Stanimir Alexandrov (For: Argentine Republic)
    Representative
    Rubén Miguel Citara (For: Argentine Republic)
    Representative
    Hernán M. Cruchaga (For: Argentine Republic)
    Representative
    Carlos Ignacio Suárez Anzorena (For: Argentine Republic)
    International Centre for Settlement of Investment Disputes
    Arbitrator
    L. Yves Fortier
    Tribunal secretary
    Claudia Frutos-Peterson

    Authorities cited

    1
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (18 March 1965)
      statute

Matter record

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Compañía de Aguas del Aconquija S.A. and Vivendi Universal S.A. v. Argentine Republic (ICSID Case No. ARB/97/3) · Matter